Cyclops Marine secures follow-on funding from private investors
The follow-on capital will support product development and international distribution for the marine sensor specialist.
Cyclops Marine manufactures wireless load measurement sensors for sailing vessels.
Cyclops Marine has secured a follow-on funding round from private investors to support its ongoing commercial expansion.
The capital will enable the firm to broaden its product portfolio and scale its international distribution network.
Origin Capital, an existing backer that initially invested in early 2019, coordinated the latest transaction. The company's technology is utilised by high-profile clients including the British America's Cup challenger, INEOS Team UK.
Investor perspective
"We are delighted that Cyclops has been able to attract this important new funding, which will allow the company to further extend its product range and expand its global distribution network"
Mark Woodhams
Partner, Origin Capital
Use of funds
- 01Continue product development
- 02Expand into international markets
Categories
About the company
Cyclops Marine
Cyclops Marine manufactures wireless load measurement sensors for sailing vessels.